Greater Dayton Real Estate Investors Association

A non-profit association supporting local real estate investors, landlords and entrepreneurs

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The By-Laws of GDREIA


1. Standing Committees - The standing committees of GDREIA are as follows:

A. Finance
B. Government / Community Relations
C. Library
D. Member Relations
E. Networking
F. Newsletter
G. OPHP
H. Public Relations/ Marketing
I. Programs
J. Vendor Members
K. Volunteers
L. Website
M. Workshops

Other committees can be established as required, at the discretion of the President.

II. The regular monthly General Assembly meeting of GDREIA shall be held at a
location and time as designated by the Board of Trustees. The First Wednesday and
Third Wednesday meeting shall be considered the General Assembly Meeting, and other
meetings or events may be scheduled at the discretion of the Board. The Board Meeting
shall be held prior to the first General Assembly meeting each month.

III. Annual dues for GDREIA shall be as follows:
A. Individual $150.00
B. Vendor: $250.00
2nd Member - $25.00

IV. All expenditures above $50 need Board approval. Unbudgeted items above $50 must
have Board approval

V. All formal documents, all written contracts exceeding $500, and all checks must be
signed by two (2) officers.

VI. The Newsletter

A. Shall be prepared and distributed to all members of GDREIA on or before
the Friday before the l " General Meeting. The newsletter deadline for content
shall be no later than the io" of the month except information from the 3rd
Wed. meeting. The Friday after the 3rd Wed. meeting will be that deadline.
B. It shall contain all important information concerning the activities of both
the Board and the General Assembly. This may include a brief synopsis of
the minutes, descriptions of motions acted on or pending, announcements
of up-coming speakers or social activities of GDREIA, and any other
information that the Board or Newsletter Editor may direct or deem
appropriate.


VII.Representation of GDREIA

A. No person or persons, other than the President or his/her designated
Representative shall at any time represent GDREIA in any way, publicly
or privately, without the consent of the President, or in his/her absence, the
Vice-President.
B. Any unauthorized representation of GDREIA by any member may result in
the Board's recommendation to the General Assembly the expulsion of that
member from GDREIA.

VIII.Trustee and Chairperson Compensation

A. Trustees will receive the benefits of a General membership without
payment of dues when same are due during their term in office.
B. All Non-Trustee chairs shall have their General Member dues reduced
fifty Percent (50%) when they come due during service as Chairperson.
C. Compensation for Trustees and Chairpersons shall be at the individual
membership rate. Vendor Members shall pay the difference between the
individual rate and the commercial rate.
D. Board members shall receive free admission to workshops, on space
availability basis, as determined by the Chair, sponsored by GDREIA, and
will be expected to assist when needed at the event. Non-Trustees pay
50% where feasible.
E. Board members shall be reimbursed so that any educational materials
purchased by the Board member at GDREIA sponsored programs and
workshops where such items are sold, are at the Association's cost.
F. Board members, depending upon the budget, and upon a vote of the
Board, shall be able to attend certain events such as the Spring ORElA
Leadership Training, and the NAREIA Mid-Year Leadership Training or
others as deemed appropriate by the Board.

IX. Board Composition

A. The Board of Trustees shall be the governing body of GDREIA and shall
consist of Trustees specified by the total memberships as of June 1st of each
year for the preparation of nomination and voting for Trustees in September.
According to total members:
Less than 200 memberships 8 voting Trustees
Less than 350 memberships 10 voting Trustees
Less than 500 memberships 12 voting Trustees

X. Insurance

A. Directors & Officers Insurance shall be kept in force to cover the
Association and all Board Members at all times. The President shall be
responsible for making sure the coverage is in force, which may include
being accountable for ahendance of OREIA meetings or such other
requirements as may be needed for OREIA to pay the premium, or raking
other steps to assure continuous coverage.
B. Liability Insurance shall be kept in force to cover any and all GDREIA
sponsored activities.

XI. Confidentiality and Code of Conduct.

GDREIA has two agreements which are part of the By-Laws by reference, and which are
attached : Exhibit 1 is a Confidentiality Agreement for Board Members, and Exhibit 2,
the Code of Conduct for all members.



Revised
07-07-1993
06-01-1995
01-15-2001
06-04-2001
06-02-2008
02-06-2013